Atria Investments Inc Sells 1,037 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Atria Investments Inc decreased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,824 shares of the technology company’s stock after selling 1,037 shares during the period. Atria Investments Inc’s holdings in Aspen Technology were worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Aspen Technology in the 4th quarter worth $26,000. Jones Financial Companies Lllp boosted its stake in shares of Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after acquiring an additional 193 shares during the period. Blue Trust Inc. boosted its stake in shares of Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares during the period. GAMMA Investing LLC boosted its stake in shares of Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Aspen Technology by 126.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock worth $68,000 after acquiring an additional 151 shares during the period. Institutional investors own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AZPN. Robert W. Baird reiterated a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. StockNews.com began coverage on shares of Aspen Technology in a research note on Thursday. They issued a “hold” rating on the stock. Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Piper Sandler boosted their target price on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $272.00.

Aspen Technology Price Performance

NASDAQ AZPN opened at $265.25 on Friday. The stock has a market capitalization of $16.79 billion, a PE ratio of 3,316.04, a P/E/G ratio of 3.00 and a beta of 0.73. The business has a 50 day simple moving average of $259.62 and a two-hundred day simple moving average of $246.02. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $277.37.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

About Aspen Technology

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.